FX.co ★ Indicator analysis: EUR/USD daily review on July 15, 2022

Trend analysis (Fig. 1)

EUR/USD may attempt to move up this Friday, from the closing of yesterday's daily candle at 1.0016 to the 14.6% retracement level at 1.0048 (red dotted line). Then, it will go to the 23.6% retracement level at 1.0107 (red dotted line), before going down again.

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - downtrend

Bollinger bands - downtrend

Weekly chart - downtrend

Conclusion: EUR/USD will rise from 1.0016 (closing of yesterday's daily candle) to 1.0048, which is the 14.6% retracement level (red dotted line). Then, it will move to the 23.6% retracement level at 1.0107 (red dotted line), before going down again.

Alternatively, the pair could climb from 1.0016 (closing of yesterday's daily candle) to the 14.6% retracement level at 1.0048 (red dotted line), then move down to the lower fractal at 0.9952 (red dotted line). It will return to the 14.6% retracement level at 1.0048 (red dotted line) afterward.